BoxRec

Saudi Arabia is reportedly now close to acquiring up to a 10% stake in DAZN in a deal through Saudi wealth fund Surj Sports Investment which is said to be worth more than $1billion. [According to New York Times]

Not seen Loynsey on here for a while. If he's here or any other M&A types are on here....

Why is a 10% share in a loss making company with revenue of circa $3.5bn worth $1bn?

Not a dig at the price, I just don't understand it. $350mn to $700mn top end is what I, as a layman, would think.

It's probably not worth USD 1 billion

However this is a pish in the ocean for these guys and gets them influence on a global stage to execute the next stage of their evil plan

forcefraser wrote: ↑15 Jan 2025, 15:14 It's probably not worth USD 1 billion

However this is a pish in the ocean for these guys and gets them influence on a global stage to execute the next stage of their evil plan

What is their long game do you think? I wonder about this a lot?

Nightmare Roy wrote: ↑15 Jan 2025, 16:09

forcefraser wrote: ↑15 Jan 2025, 15:14 It's probably not worth USD 1 billion

However this is a pish in the ocean for these guys and gets them influence on a global stage to execute the next stage of their evil plan

What is their long game do you think? I wonder about this a lot?

Maybe they see the growth of money in sport and it's potential to get even bigger.

They need a plan B for when the oil either runs out or is phased out in favour of renewable energy. Looking at 30 to 40 years minimum in my opinion before that happens, but they might be putting bits in place piece by piece

Sport and Tourism are probably two things that they might see as a replacement and in terms of sport, controlling it keeps them fully relevant. Without something to define them they just become a load of strange blokes in an empty desert.

They going big in Boxing, Football, golf and now they going after tennis.

Could all end in disaster and break the back of a sport that can't bear the weight of a bubble

Jimmy2025 wrote: ↑15 Jan 2025, 15:05 Not seen Loynsey on here for a while. If he's here or any other M&A types are on here....

Why is a 10% share in a loss making company with revenue of circa $3.5bn worth $1bn?

Not a dig at the price, I just don't understand it. $350mn to $700mn top end is what I, as a layman, would think.

It’s a relatively new thing. Countless loss making businesses are valued extremely highly. The idea is that the customer base, intellectual property, brand name and potential of future profits drives the value.

It has lead to some people becoming extremely rich by taking the chance but most just turn out to be well overvalued. I don’t get how someone could value DAZN at $10bn at the moment as I don’t really see the potential of profits for them in the next 5 years.

maverick23 wrote: ↑15 Jan 2025, 16:50

Jimmy2025 wrote: ↑15 Jan 2025, 15:05 Not seen Loynsey on here for a while. If he's here or any other M&A types are on here....

Why is a 10% share in a loss making company with revenue of circa $3.5bn worth $1bn?

Not a dig at the price, I just don't understand it. $350mn to $700mn top end is what I, as a layman, would think.

It’s a relatively new thing. Countless loss making businesses are valued extremely highly. The idea is that the customer base, intellectual property, brand name and potential of future profits drives the value.

It has lead to some people becoming extremely rich by taking the chance but most just turn out to be well overvalued. I don’t get how someone could value DAZN at $10bn at the moment as I don’t really see the potential of profits for them in the next 5 years.

It's the dot com bubble all over again, when you had 3 blokes in a garage with an interwebs site valued more than Tesco, just a massive punt.

I can anticipate the Saudis buying Dazn eventually, money is hardly an object for them and it completes the next part of the regime's mission. That and stoning gays. Bit worrying that they make the Kinahans look like cheeky cherubs.